Section 8 Fair Market Rent (FMR) for ZIP 31636 - 2027

Location: Valdosta, GA | Metro: Valdosta, GA MSA

Investment Score for ZIP 31636

D
Monthly Rent (2BR)
$1,080
Median Price (2BR)
$173,638
1% Rule
0.62%
Annual Yield
7.46%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$830
1 Bedroom$830
2 Bedrooms$1,080
3 Bedrooms$1,430
4 Bedrooms$1,730
5 Bedrooms$2,007
6 Bedrooms$2,248
7 Bedrooms$2,428
8 Bedrooms$2,549

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,080 $173,638 0.62% D
3BR $1,430 $258,550 0.55% F
4BR $1,730 $347,596 0.5% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
10,619
Median Household Income
$63,672
Housing Units
4,793
Renter Percentage
33.0%
Occupancy Rate
86.3%
Renter Occupied
1,365

The ZIP code 31636, located in Valdosta, GA, falls within the Valdosta, GA Metropolitan Statistical Area (MSA). Comparing its key metrics to those of typical ZIP codes within the same MSA provides insight into its market positioning.

The Fair Market Rent (FMR) for ZIP 31636 in fiscal year 2024 is set at $990, which is higher than the market rent of $788. This indicates that the government's rental assistance program aims to cover rents above the average market rate in this area. The home value in 31636 is $261,537, reflecting a middle-ground price point when compared to the broader MSA. This suggests that 31636 is neither a low-value pocket nor a premium sub-market but rather a mid-tier neighborhood within the Valdosta, GA MSA.

A notable figure is the 33.0% renter share, which is relatively high. High renter share can be indicative of a larger demand for rental properties, potentially driven by Section 8 vouchers. Given the disparity between the FMR ($990) and the market rent ($788), along with the below-average home values, it is reasonable to infer that 31636 could be a sweet spot for landlords and small-portfolio investors who cater to Section 8 tenants. This combination of factors often signals a neighborhood where rental properties are supported by government subsidies, providing a stable income source for property owners.

In summary, ZIP 31636 appears to be a mid-tier neighborhood within the Valdosta, GA MSA, with a significant portion of residents renting their homes. The alignment of FMR rates with slightly above-average market rents and the presence of a substantial number of renters suggest an environment conducive to Section 8 investments. Landlords and investors should consider the stability and support offered by government rental assistance programs in this area.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.